form8-k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 23, 2010
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SOUTHWALL TECHNOLOGIES INC.
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(Exact Name Of Registrant As Specified In Its Charter)
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DELAWARE
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(State or Other Jurisdiction of Incorporation)
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0-15930
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94-2551470
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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3788 Fabian Way, Palo Alto, CA
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94303
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(Address of Principal Executive Offices)
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(Zip Code)
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(650) 962-9111
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(Registrant’s Telephone Number, Including Area Code)
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N/A
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(Former Name or Former Address, if Changed Since Last Report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01 Entry into a Material Definitive Agreement
On August 23, 2010, Crown International Acquisition Company, LLC, a wholly owned subsidiary of Southwall Technologies Inc., pursuant to a court sale order, entered into an agreement to purchase the operating assets of Crown Operations International, LTD. Under the terms of the order and the agreement, Crown International Acquisition Company, LLC agreed to purchase certain specified assets of Crown Operations International, LTD for approximately $3,305,000. Crown Operations International, LTD is an interlayer converting and laminating facility. The assets to be purchased include a 23,000 sq ft manufacturing facility, situated on 4 acres of land, and converting equipment located in Sun Prairie, Wisconsin. Under the terms of the order and the agreement, the purchase is expected to be completed on or about August 30, 2010.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Dated: August 23, 2010
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SOUTHWALL TECHNOLOGIES INC.
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By:
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/s/ Dennis F. Capovilla
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Dennis F. Capovilla
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Chief Executive Officer
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